Actuarial Benefits Analyst (Co-op Student)
About the role
The Actuarial Benefits Analyst (co-op) will provide group benefits consulting support, including design and financial management for existing medium and large clients and prospects. In addition, the Actuarial Benefits Analyst (co-op) will perform actuarial valuations, accounting disclosures of post-retirement and post-employment benefits, reserve calculations, simulation modelling, flex plan pricing and modelling and other actuarial and analytic projects. The Actuarial Benefits Analyst (co-op) will work closely with internal consulting teams, interface with vendors, support client deliverables, and ensure quality standards are met.
The Actuarial****Benefits Analyst (Co-op Student) will:
- Contribute to the overall design and management of group medical, dental, life, disability and special risk benefits for clients.
- Prepare actuarial valuations of post-retirement and post-employment benefits plan, in accordance with accounting standards appliable to the plan;
- Review all benefits documentation (contracts, booklets, collective agreement, amendments) for accuracy;
- Annual renewal analysis and negotiations with carriers; prepare client reports and presentations;
- Experience reporting, budget projections and reviewing plan financial performance;
- Review financial statements for accuracy and adherence to underwriting agreements;
- Conduct plan design benchmarking studies;
- Assist and build plan design tools and financial database;
- Conduct marketings, including preparing and submitting specifications, analysis, cost comparisons and recommendations on marketing responses, and preparing marketing report;
- Gather data and determine cost impact for plan design changes;
- Monitor carrier/provider services standards;
- Support the consulting team in preparing documents for client presentations and meetings
To be successful as an Actuarial****Benefits Analyst (Co-op Student) with People Corporation, you will need:
- University student in Mathematics, Statistics, Actuarial Science, or related discipline
- Advanced competency with Microsoft Excel
- Proficiency with Word, PowerPoint and Outlook
- Strong analytical skills
- Excellent organizational skills with strong attention to detail and high level of accuracy
- Ability to manage and prioritize competing demands in order to meet client and company needs
- Ability to work independently and in a team environment
- Strong written and verbal communication skills
- Sensitivity to confidential information
- Actively writing Society of Actuaries (SOA) or Canadian Institute of Actuaries (CIA) exams
- Knowledge of actuarial valuation software (e.g., ProVal) is an asset
What’s in it for you:
- Learn by working alongside our experts
At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits, retirement, wealth, wellness, and human resource solutions. Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians. We offer customized solutions designed to fit the unique needs of businesses and their employees, members and stakeholders.
Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we’re committed to. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential. If you require an accommodation or an alternative format of any posting please reach out to careers@peoplecorporation.com.
About People Corporation
At People Corporation®, we are making a difference in the lives of more than one million Canadian employees and their families by providing employee group benefits, group retirement, wellness, and human resource solutions.
People Corporation is dedicated to helping businesses succeed. With offices and partner firms across the country, we offer expertise in your local market, while being supported by the resources of one of Canada’s fastest growing companies.
We specialize in:
Group Benefits Consulting and Advisory Services Third Party Administration Customized Billing and Reporting Sustainable Solutions Cost Containment Benchmarking Multiple Funding Arrangements Integrating Several Carrier Solutions into a Single Solution Preferred Supplier and Pharmacy Networks Disability Management Health Spending Accounts Wellness Solutions Value-Added Programs Best-in-Class Service Support backed by our Concierge Service Program
Our diverse team of experts provide industry-specific insight, and offer customized solutions designed to fit the unique needs of your business and your most valuable asset – your people. Visit peoplecorporation.com to experience the benefits of people.
Actuarial Benefits Analyst (Co-op Student)
About the role
The Actuarial Benefits Analyst (co-op) will provide group benefits consulting support, including design and financial management for existing medium and large clients and prospects. In addition, the Actuarial Benefits Analyst (co-op) will perform actuarial valuations, accounting disclosures of post-retirement and post-employment benefits, reserve calculations, simulation modelling, flex plan pricing and modelling and other actuarial and analytic projects. The Actuarial Benefits Analyst (co-op) will work closely with internal consulting teams, interface with vendors, support client deliverables, and ensure quality standards are met.
The Actuarial****Benefits Analyst (Co-op Student) will:
- Contribute to the overall design and management of group medical, dental, life, disability and special risk benefits for clients.
- Prepare actuarial valuations of post-retirement and post-employment benefits plan, in accordance with accounting standards appliable to the plan;
- Review all benefits documentation (contracts, booklets, collective agreement, amendments) for accuracy;
- Annual renewal analysis and negotiations with carriers; prepare client reports and presentations;
- Experience reporting, budget projections and reviewing plan financial performance;
- Review financial statements for accuracy and adherence to underwriting agreements;
- Conduct plan design benchmarking studies;
- Assist and build plan design tools and financial database;
- Conduct marketings, including preparing and submitting specifications, analysis, cost comparisons and recommendations on marketing responses, and preparing marketing report;
- Gather data and determine cost impact for plan design changes;
- Monitor carrier/provider services standards;
- Support the consulting team in preparing documents for client presentations and meetings
To be successful as an Actuarial****Benefits Analyst (Co-op Student) with People Corporation, you will need:
- University student in Mathematics, Statistics, Actuarial Science, or related discipline
- Advanced competency with Microsoft Excel
- Proficiency with Word, PowerPoint and Outlook
- Strong analytical skills
- Excellent organizational skills with strong attention to detail and high level of accuracy
- Ability to manage and prioritize competing demands in order to meet client and company needs
- Ability to work independently and in a team environment
- Strong written and verbal communication skills
- Sensitivity to confidential information
- Actively writing Society of Actuaries (SOA) or Canadian Institute of Actuaries (CIA) exams
- Knowledge of actuarial valuation software (e.g., ProVal) is an asset
What’s in it for you:
- Learn by working alongside our experts
At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits, retirement, wealth, wellness, and human resource solutions. Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians. We offer customized solutions designed to fit the unique needs of businesses and their employees, members and stakeholders.
Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we’re committed to. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential. If you require an accommodation or an alternative format of any posting please reach out to careers@peoplecorporation.com.
About People Corporation
At People Corporation®, we are making a difference in the lives of more than one million Canadian employees and their families by providing employee group benefits, group retirement, wellness, and human resource solutions.
People Corporation is dedicated to helping businesses succeed. With offices and partner firms across the country, we offer expertise in your local market, while being supported by the resources of one of Canada’s fastest growing companies.
We specialize in:
Group Benefits Consulting and Advisory Services Third Party Administration Customized Billing and Reporting Sustainable Solutions Cost Containment Benchmarking Multiple Funding Arrangements Integrating Several Carrier Solutions into a Single Solution Preferred Supplier and Pharmacy Networks Disability Management Health Spending Accounts Wellness Solutions Value-Added Programs Best-in-Class Service Support backed by our Concierge Service Program
Our diverse team of experts provide industry-specific insight, and offer customized solutions designed to fit the unique needs of your business and your most valuable asset – your people. Visit peoplecorporation.com to experience the benefits of people.